International Sales Continue to Climb in U.S. Market
Due to low prices and the relative
weakness of the dollar, international buyers continue to identify the
U.S. as a desirable place to own property and make a profitable
investment.
According to the National Association of REALTORS®' 2012 Profile of International Home Buying Activity,
total residential international sales in the U.S. for the past year
ending March 2012 equaled $82.4 billion, up from $66.4 billion in 2011.
Total international sales were evenly split between non-resident
foreigners and recent immigrants. The survey asked REALTORS® to report
their international business activity within the U.S. for the 12 months
ending March 2012. (Click for complete article)
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